After weeks of downward pressure, altcoins began to rebound on the charts. At press time, Litecoin, Binance Coin and Chainlink were consolidating between their immediate resistance and support, but the assets are expected to test resistance in the future.
The Binance coin moved sideways for most of this month, with the coin falling on June 21st. The coin fluctuated between the resistance level of $ 314 and the support level of $ 255. At the time of writing, the coin was priced at $ 280 and if the price went up any further, the coin would face resistance at $ 314.
Bollinger bands Looked parallel with some deviations at the time of going to press, this reading indicated that no major price movements were to be expected during the next trading sessions. The Great oscillator gave mixed signals at the time of writing, despite the bullish signal the indicator had some red bars in between.
Capital inflows saw a slight increase on June 27, which meant that capital inflows exceeded outflows, as on the Chaikin money flow.
LTC is up 3% in the past 24 hours. If the uptrend continues, the coin could find resistance at $ 137.6 which was the previous major support level for the coin.
At the time of writing MACD Histograms signaled the start of bullish momentum with a bullish crossover on June 27th. Bollinger bands remained in parallel with no evidence of anomalies, suggesting that prices would not fluctuate much.
In the end, Parabolic SAR also matched LTC’s uptrend statement mentioned above, as the dotted lines could be seen under the candlesticks at the time of writing.
Just like the other altcoins, LINK was trading green at press time with prices spiked after its valuation fell briefly in the past 24 hours. LINK will trade with a sustained north move near USD 19.2 and would experience resistance at the same level.
The coin almost touched the neutral zone Relative Strength Index Indicator on June 27th but fell out of this range again and was seeing a slight increase in selling pressure at the time of writing. Great oscillator on the 4 hour chart indicated that bullish momentum was on the rise as the green bars were visible at the time of release.
The mouth of Bollinger bands expanded a bit at the time of writing which could mean the coin could experience some price volatility in the next trading sessions.
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